**Bitcoin Faces Potential Dip Below $50K Amid Market Struggles**

Bitcoin's price has been on a downward trend for over two weeks, dropping more than 12% since August 26 to trade at $56,133. Analysts suggest that Bitcoin could correct below the crucial $50,000 mark if current conditions persist.

Key Points:

- Bitcoin has significant support at $55,000 and $52,000.

- Investor sentiment is cautious following a $510 billion market sell-off in August.

- Both open interest and trading volumes for Bitcoin and Ether have been declining.

- Historical data shows September as a typically bearish month for Bitcoin, with average returns of -4.69%.

- Continuous outflows from US Bitcoin ETFs are adding pressure, with $211 million worth of outflows recorded on September 5.

Stay tuned for updates as market dynamics could shift rapidly with new catalysts.